Money Supply Declines: The narrowest measure of...
From Times Staff and Wire Reports
Money Supply Declines: The narrowest measure of the nation’s money supply fell in the week ended July 16, the Federal Reserve Board reported. The measure known as M1, fell to a seasonally adjusted $807.9 billion from $810.5 billion. The Fed said a broader measure, M2, fell to a seasonally adjusted $3,273.7 billion from a revised $3,274.0 billion the previous week. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers checks. M2 is M1 plus accounts such as savings deposits and money market mutual funds.
